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Why JFrog Stock Plummeted Today

TheMotleyFool

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Why JFrog Stock Plummeted TodayPhoto, wide shot, wide-angle lens, Software company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/70b5df15-67cc-4a1b-af41-3596614daf77.png

Shares of JFrog (NASDAQ: FROG), a software management company, tumbled today after the company reported its first-quarter earnings yesterday.

As of 2:34 p.m. EDT on Friday, the tech stock was down by 14.9%.

JFrog reported diluted adjusted earnings per share of $0.02 in the quarter, ahead of analysts' consensus earnings estimate of $0.01. The tech company's quarterly revenue of $45.1 million also outpaced Wall Street's estimate of $44.8 million for the quarter.

Source Fool.com

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